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Linamar Corp T.LNR

Alternate Symbol(s):  LIMAF

Linamar Corporation is a Canada-based advanced manufacturing company. The Company is engaged in providing manufacturing solutions and developing engineered products. Its segments include Industrial and Mobility. The Industrial segment consists of MacDon, Salford, Bourgault, and Skyjack. MacDon manufactures combined draper headers and self-propelled windrowers for the agricultural harvesting industry. Skyjack manufactures scissor, boom, and telehandler lifts for the aerial work platform industry. The Mobility segment is focused on propulsion systems, structural and chassis systems, energy storage and power generation for both the global electrified and traditionally powered vehicle markets and is subdivided into three regional groups and one global product group: North America, Europe, Asia Pacific, and the newly formed Structures Group. The regional mobility groups are vertically integrated operations combining expertise in light metal casting, forging, machining, and assembly.


TSX:LNR - Post by User

Post by ValueBetson Nov 04, 2024 11:41am
126 Views
Post# 36295377

Historical times

Historical times

In 2022, 4M shares were bought back at around 59$ on average (around 6% of shares)

Since then, around 1G$ in profits (over 2 years), mainly directed toward acquisitions, mainly in the AG Business. Substantial investments to mitigate the EV transition timing and to stay in the game over the LT.

-Book value up significantly, we will end 2024 with around 95$/shares.
-Best diversification ever in term of segments and geography.
-The current industrial/mobility mix provide great FCF sustainability that was previously lacking with over exposure to the cyclical needs on the mobility side.

Focus clearly on the margins side for a while, after these big changes, and perhaps why Linda is focussing on the costs attack teams from now on.

We now have the opportunity to buy the stock under 57$?

The Magna NCIB last week was strongly positive to the stock. Also, allowed us to see what we could be up to on the mobility side in Q3 and beyond.

What are we up too, big news next week? 

Exciting times, I don't think I've ever owned (and will ever own again) a stock so cheap and, at the same time, one that has this kind of recurring businesses and a so strong balance sheet.

 

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